Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced that it had filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the offering of 1,262,471 of its ordinary shares by Kingsway America Inc. and certain of its subsidiaries, as selling shareholders. The registration statement was filed by the Company pursuant to a registration rights agreement between the company and Kingsway. The Company will not sell any shares in the offering and will not receive any proceeds from the sale of such shares by the selling shareholders.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Any offer, solicitation or sale will be made only by means of a prospectus. A prospectus with respect to the offering of shares, when available, may be obtained by visiting EDGAR on the SEC website at www.sec.gov or, alternatively by contacting Ann Brooks at 847-871-6408.
The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas' insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance.